Question: a. i. Set up an amortization schedule for a Tk. 25,000 loan to be reported in equal installments at the end of the next 3

a. i. Set up an amortization schedule for a Tk. 25,000 loan to be reported in equal installments at the end of the next 3 years. The interest rate is 10% compounded annually.

ii. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Why do these percentages change over time?

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